Small Monthly Installments over a Longer Period to Pay off The Loan

Hardly a day goes by without us being offered a product with a 0 percent financing, ie a loan with an interest charge of € 0 for a new car, a new TV or other consumer goods. Be it on TV, on billboards on the street or in one of the numerous brochures that land our mailbox every day – the offer is diverse and equally seductive. Finally, this offer of credit suggests to the consumer a real bargain – no interest and also small monthly installments over a longer period to pay off the loan . What more do you want as a customer? But exactly this is the opinion of the consumer advocates of the consumer center North Rhine Westphalia, the crux, because the so-called zero percent financing have their pitfalls and are anything but what you pretend to be: Namely cheap!


Zero percent loans or financings have their pitfalls!


 Zero percent loans or financings have their pitfalls!


Granted: A loan with zero percent interest – such a promise promises undoubtedly the impression of an unbeatable cheap loan offer. But appearance is deceptive and the reality is quite sobering on closer examination of corresponding loan offers and often ends in the realization that as a consumer with a zero-percent financing in comparison to a classic installment loan often pays off. In most cases, the practice shows that a classic installment loan with interest from a bank is usually a significantly cheaper credit alternative.


The dangers of a zero percent funding


 The dangers of a zero percent funding


The most obvious criticisms and potential threats to so-called zero percent funding are:

• The consumer is denied the so-called right of withdrawal or it does not apply!

• If the financed goods are returned or claimed, the credit for this product continues to run for now! A corresponding withdrawal from the loan agreement can only be achieved with considerable effort.

• Financings of any kind find their way into their own SCHUFA and burden the so-called credit score considerably – and negatively!


Why are zero percent loans still so popular?


 Why are zero percent loans still so popular?


Viewed at first glance, a loan without interest is actually awarded for the purchase of a product on installments. The loan is apparently offered directly by the dealer, but far from it, because the actual lending is a classic bank. And as is well known, a bank does not issue interest-free loans! As a result, as with any other loan, interest is charged on the so-called zero-percent financing. Only this interest cost bears not the customer, but the dealer and for good reason, because he can thus advertise with small monthly payments and generate significantly more sales. But on the interest, which he apparently bears, no trader wants to sit and so these credit costs are simply included in the selling price. The customer is therefore led with a simple, but highly effective trick for sale, because the customer pays attention to these offers only on the low rates and the 0 percent interest rate.


Recalculate and compare worthwhile!


Recalculate and compare worthwhile!

It shows again and again that not every tempting offer is a good one! Thus, the recommendation is clear: Who nachgerchnet in the offered zero percent financing, should often come to the conclusion that the sum of the individual installments is often much higher than the cash price of other providers. Unfortunately, zero-percent credit is often a bad deal.



Find your dream job in 7 steps

Find your dream job

Are you happy every day to go to work? Or can you not find your turn and are you even at home with a burn-out? If you do not know what you like, finding the ideal job is difficult. But if you know what gives you energy and what kind of job suits you, it’s time to work on it, literally! With these tips, you come to a step closer to your dream job.

Find tips for your dream job

These practical tips help you to determine what your dream job is and to actively work towards it.

– How important is it for you right now to find your dream job? 
What type of situation are you currently in? Do you have money problems, are you overstrained or are you bored at work? It is important that you have a good motivation to find a new job, independent of the money. Ask yourself if you could do the work that you do now over the next ten years. Only with positive energy will you achieve positive results.

– What are you good at? 
Ask yourself what you are good at. Where is your passion, what do you get energy from? This is what you have to make your work out of. That does not necessarily mean that you have to start for yourself, but it helps you to think in the right direction. Working from your passion and talent gives the most satisfaction. A good assignment is to write down where your talents are and what you like to do. You can also ask tips from people around you.

– Write down where your ideal job meets 
What is important to you in a job? Do you want to work independently, work in a team? Do you ambition a management function or not? Is freedom important to you? Do you want to work full-time or part-time? Write everything down and set priorities to determine which requirements the job must satisfy, and what is a side issue.

– The preparation 
By writing out what you want, you will discover that you may have to take certain steps: a course or training, developing a certain skill or product. And of course a nice LinkedIn profile, CV and motivation letter for if you want to work as an employee. Maybe you need a nice website as a freelancer? Whatever the case, start preparing and take the first steps to your new career!

– Give it time 
When you switch jobs, you have to give yourself the time. Make mistakes and learn from them and do not be disappointed if it is not a success at once: everything has to grow.

Have you already found your dream job?